I’ve always wondered why we, as the world’s largest market, are worried about a trade war with anyone. It’s easier to do without products than it is to do without a job.
On Greta last week he said WE are making China rich. He’s right! They’ll be the new super power.
We should do to China what France did to Japan. By International Law ALL containers can be inspected.
We should tell China that ALL containers will be inspected until they re-value the yuan up 40%.
We DO need to get back to ‘making things’ in our country.
This grand idea of the new “Service Economy” has been an EPIC FAIL!
This is a great clip thank you for posting it I was discussing this yesterday in another post we have UNFAIR trade we always have those trade agreements have led us down the road to ruin yet some people say protectionism is wrong baloney it’s past time that our politicians start to represent the American public. After the Depression we had manufacturing/jobs and products the world wanted and needed now we have a service economy and the dollar and no one wants the dollar.
China is setting itself up for a global currency too.
After making some very unwelcome advances calling for a return to the gold reserve, World Bank head Robert Zoellick is again back, and refuses to shut up. The FT reports that earlier Zoellick said the increasing use of gold as a monetary asset was an “elephant in the room” that was being ignored by policymakers in the debate over how to correct global trade and fiscal imbalances. It gets worse: during a conference presentation, Zoellick said the price of gold indicated that the world was heading towards a new monetary system in which the US dollar would be only one of a number of reserve currencies with flexible exchange rates. As we highlighted yesterday, a variety of factors have already conspired to make it appears that not the dollar, but the Chinese currency is increasingly starting to act as a reserve currency on its own merit.
More http://www.zerohedge.com/article/world-bank-head-back-says-dont-ignore-gold-which-now-elephant-room
Peter Schiff on the “US economy is based on a false premise”
http://www.youtube.com/watch?v=UOBXSewoP0s
Devaluing the dollar is an import tariff on all imports. Not ideal but since Trump endlessly complains about China's currency trade advantage he must think this is brilliant.
I don't remember Trump recommended we buy up valuable natural resources last year like China has been doing to beat competitors, instead Trump was supporting the wasteful stimulus and now he is upset his taxes might go up.(Where did he think the stimulus was coming from?)
I can’t watch the video, but I agree with Trump, regarding the title.
If it means pulling out of the WTO - so be it.
Trump is an economic illiterate. Suggest he, along with many others, learn about the effects of Smoot-Hawley.
I started boycotting Chinese goods a long time ago. Just check the labels: Made in China - Put it back and find some other equivalent item made in USA or at least a friendly ally (not France).
Think about it. No demand - no more Chinese goods ordered and stocked into our stores. Just quietly pass the word to all your friends and neighbors, pretty soon it's one big just say NO to Chinese goods. At least it won't be our dollars they use to build up their military and infrastructure.
If we’re going to auger money into the developing world, I’d sooner see it go to India than China. But frankly, I’d MUCH rather it stayed here, where it would actually benefit Americans rather than enrich our enemies or purchase dubious friends.
America isn't making China rich, China is making China rich. Trump commented on how China is building cities larger than ours. Well, afterall, it is a country with 4 times as many people. So, of course their cities are going to be larger than ours. New York is bigger than London or Paris is it not? For obvious reasons.
China's construction industry employs nearly 100 million people. That's about 2/3rd the size of the entire American workforce. Trump is an alarmist and a dinosaur. I wouldn't be surprised, after he passes away, his daughter will take the Trump brand to China and begin property development in places like Beijing, Shanghai, Chongqing, etc.